H&CO Merges in EFA CPAs & Business Advisors

Emilio F. Alvarez

H&CO (FY18 net revenue of $14.5 million), with three offices in South Florida, has merged in EFA CPAs & Business Advisors of Miami.

The merger is expected to strengthen H&CO’s newly formed audit division and will allow the company to provide specialized audit and consulting services as well as grow EFA’s existing construction accounting niche, the firms announced. H&Co operates from Coral Gables, Brickell and Fort Lauderdale, Fla.

Armando Hernandez

“We welcome Emilio F. Alvarez and his team to our family,” says Armando Hernandez, H&CO CEO and president. “The cultures of our two firms are a perfect match. EFA takes the same level of pride in the services that they provide to their clients as we do.”

By combining the specialized international tax expertise of H&CO and the construction accounting experience of EFA, this merger creates a larger and more comprehensive offering of international construction accounting. “By combining our talented professionals, there are no limits to what we can accomplish,” says Hernandez.

Alvarez, EFA founder and MP, will join H&CO as MP of the audit division and will be responsible for the overall strategic function and objectives of the audit team.

“H&CO and EFA are two firms with very similar cultures, identical views of the future and practices that complement each other. It was only logical to get together. Our strength together is bigger than the sum of the parts,” Alvarez says. “With a stronger tax and auditing platform and a well-trained staff we will continue to provide excellent service to many industries as well as to domestic and foreign high net worth individuals.”